Crown Castle Inc. (NYSE:CCI) Shares Sold by Capital Square LLC

Capital Square LLC reduced its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,721 shares of the real estate investment trust's stock after selling 3,693 shares during the period. Capital Square LLC's holdings in Crown Castle were worth $1,126,000 at the end of the most recent quarter.

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Other hedge funds also recently modified their holdings of the company. Twin Tree Management LP acquired a new stake in shares of Crown Castle during the fourth quarter worth $25,000. FNY Investment Advisers LLC lifted its position in Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock worth $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in Crown Castle in the 4th quarter worth about $37,000. Marshall Investment Management LLC purchased a new stake in Crown Castle in the 4th quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Crown Castle in the 4th quarter valued at about $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCI has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Bank of America began coverage on shares of Crown Castle in a research note on Thursday, March 20th. They set a "neutral" rating and a $110.00 price target on the stock. Argus raised shares of Crown Castle to a "hold" rating in a research note on Friday, March 21st. Scotiabank cut their target price on Crown Castle from $102.00 to $99.00 and set a "sector perform" rating on the stock in a research report on Friday, March 14th. Finally, Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $128.00 to $122.00 in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $109.88.

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View Our Latest Stock Analysis on Crown Castle

Crown Castle Price Performance

Shares of NYSE CCI opened at $101.34 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The business has a 50 day moving average price of $97.20 and a two-hundred day moving average price of $99.01. The firm has a market cap of $44.13 billion, a PE ratio of 35.94 and a beta of 0.93.

Crown Castle Dividend Announcement

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The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date was Friday, March 14th. Crown Castle's payout ratio is currently -69.71%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.

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